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Texas Funds Formula One Races While Weighing Teacher Dismissals
Texas, which may balance its budget by firing thousands of teachers, plans to commit $25 million in state funds to Formula One auto racing each year for a decade.Hostile bids take hold in Canada
DOUGLAS BRYCE admits he was surprised last October when Toronto-based gold giant Barrick Gold Corp. launched a hostile bid for his client, Placer Dome Inc. Not that Barrick's interest in rival gold mining company Placer Dome was any secret. Placer Dome's management had rebuffed friendly overtures from Barrick several times over the years.Arbitration Scorecard: Contracts
A listing of contract arbitrations active in 2007-2008 in which at least $500 million was in controversy. Expanded for the Web.Hostile Bids Take Over Canadian Companies
Since mid-2005, there have been a slew of hostile bids for and by Canadian companies. And in contrast to the United States, in Canada such uninvited offers generally succeed. American hostile bids often languish under shareholder rights plans and seemingly endless litigation. It seems that Canadians are much more, well, friendly to hostile bidders. While M&A experts predict that the Canadian hostile trend will continue, it's possible that takeovers might not be so easy in the future.Indian automaker Mahindra & Mahindra to assemble pickup trucks in United States
NEW DELHI AP - Indian auto maker Mahindra Mahindra Ltd. plans to assemble and sell thousands of light pickup trucks annually in the United States by 2010, a top company executive said Tuesday.The auto maker also is aiming at selling in the U.S. sport utility vehicles sent as whole vehicles from India, said Pawan Goenka, president of the company's auto services.European carmakers may have to idle plants
Volkswagen AG, PSA Peugeot Citroen and other European automakers may be forced to halt production in coming weeks as component suppliers in earthquake-ravaged Japan struggle to restart factories. The recovery to normal production levels may take months and cost the industry "billions of euros" in lost revenue, said Lars Holmqvist, head of the region's Clepa auto suppliers association.Corporate Transparency Act Resource Kit
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